New HL fee structure from 01/03/26

jimjames

https://forums.moneysavingexpert.com/discussion/comment/81859888#Comment_81859888

HL have been much more expensive for some time and the other platforms were still able to make money at a lower price point so I'm not sure that will happen.

masonic

One to watch is AJ Bell as historically they have walked up their prices to remain just a little below HL.

Hopefully they'll leave well alone given all the other competition they now have.

Robert_McGeddon

https://forums.moneysavingexpert.com/discussion/comment/81859192#Comment_81859192

I wonder if keeping a small GIA at HL might be a good idea. It might ease going back at some future point and you'd presumably still have access to historic data on both the GIA and ISA - but I don't know this for sure. Has anyone experience of closing a HL ISA and trying to access info later?

rob_hants

https://forums.moneysavingexpert.com/discussion/comment/81859986#Comment_81859986

I’ve just started a transfer and their secure message says my account will be closed after the transfer unless I request otherwise. Have messaged them to ask if I can keep it. Would be useful for tax info etc.

Going to ii to save £300 on ISA+GIA as I already have my SIPP with them.

DRS1

https://forums.moneysavingexpert.com/discussion/comment/81859986#Comment_81859986

I am not sure if I ever had to look for ISA history - much more likely with the GIA if trying to work out CGT. But I did look under the tab Portfolio History and it looks as if I could find stuff from my old ISA if I wanted to despite closing it over 10 years ago.

Of course I do still have an active GIA so what happens if you close that as well I am not sure.

rob_hants

To keep your account after a full transfer you need to retain a minimum balance of £50.

masonic

https://forums.moneysavingexpert.com/discussion/comment/81859986#Comment_81859986

I left HL completely in the early 2010s and didn't return until 2024. I could log in using the same details and could still see historic documents and other info.

AndyTh_2

https://forums.moneysavingexpert.com/discussion/comment/81860505#Comment_81860505

they didn't used to close ISAs and SIPPs when doing full transfers out. They do now though, but likely stay open with fund and share account left open.

I can't get any statements online for my recently closed SIPP from transfer.

masonic

https://forums.moneysavingexpert.com/discussion/comment/81860734#Comment_81860734

Maybe mine was left open and just hidden then. I had no visible accounts when I logged in after leaving. When I left them I did complain and get them to waive the £25+VAT account closure fee that they normally charged at the time.

Rollinghome

mills112 wrote: Anyone got opinions about the above two alternatives (Iweb and Trading212)? Maybe have my ISA with one and Fund & Share account with the other? Do you think they are as safe for your money as HL? I am sitting in cash most of the time when there is nothing for me to trade in, so that is not protected. Therefore the platform security is very important

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HL is now owned by a consortium of 3 private equity outfits based in Abu Dhabi, the Channel Islands, and Stockholm. Iweb is part of the Lloyds Group, one of the "Big Four" banks. Which makes them sound pretty safe to me.

(Posting like this because the board has thrown up some kind of glitch and the only way I can do it. Hope it works.)